InterCloud Systems Inc. (ICLD)

[GREGG THE GREEK]

Not sure why anyone would be so obsessed w the hurricane contracts.

But, it's obvious to me that we will have announcements regarding said contracts.
I have posted this several times it, pretty much, tells us there are contracts coming. Just because they have not been announced yet, doesn't mean they are not coming.

I mean, the announcement of the $15+ mil debt being eliminated wasn't announced....till it was announced the other day too.



InterCloud Systems Awarded Over $1.2 Million in New Contracts and Purchase Orders

Oct 02, 2017
OTC Disclosure & News Service

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SHREWSBURY, N.J., Oct. 02, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTC:ICLD), a leading provider of network solutions and services, today announced that it was recently awarded new contracts from new and existing customers valued at over $1.2 Million. In addition, the Company’s subsidiaries have begun to receive purchase orders for hurricane repair efforts in Florida and expect to receive additional purchase orders for Texas with local service providers.

Mark Munro, CEO of InterCloud Systems stated, “The hurricane telecom rebuilding projects have started to move forward now that the engineers can get to the sites in the damaged areas. Our teams have a tremendous amount of experience in disaster work efforts. During 2005 and for several years thereafter, our telecom services division reported approximately $55 million of billings related to Hurricane Katrina alone. The divisional managers have been preparing for larger scale deployments as waters recede and work crews are able to be deployed. In addition, we have provisionally reached a settlement agreement on our legacy class action lawsuits that we expect will be closed by year end. Lastly, it is our expectation that we can restructure our remaining debt during the fourth quarter of 2017. We have been diligently working on a plan to move forward and rebuild shareholder value and company momentum.”


" In addition,


the Company’s subsidiaries

have begun to receive purchase orders

for hurricane repair efforts in Florida

and expect to receive additional purchase orders for Texas with local service providers. "



We know that both FL and TX were hit w major storms just a couple of months back.


" Our teams


have a tremendous amount of experience

in disaster work efforts. "

ICLD reported approximately $55 mil just dealing w Katrina in 2005 and for several years moving forward. That was in 2005 $$$.


" The divisional managers

have been preparing for larger scale deployments

as waters recede

and work crews are able to be deployed. "

Logic says that if they were preparing for larger scale deployments and simply waiting to be able to access these other areas, that they will be performing more work.

IDK about everyone else, but this translates to contracts coming related to hurricane work being done.

So I agree Mr P.

history repeats itself and a little common sense

We know there was major damage in both FL and TX.

If only common sense was common to everyone.



ICLD